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Technical Analysis: Narrow Day

The indexes put in "inside days" today, staying for the most part within yesterday's range. A break of yesterday's range could tell us which way this little consolidation will break: that's 2112 or 2089 on the Nasdaq, 1188 or 1176 on the S&P 500, and 10,602 or 10,481 on the Dow. The Nasdaq (first chart below) has support at 2100, 2089, 2073 and 2050-2062 (2055), and resistance is 2112, 2120 and then 2153, the January peak. The S&P 500 (second chart) continues to pause at 1190-1200 resistance, and support is 1170-1177 and 1162-1163. The Dow (third chart) has resistance at 10,602, 10,670 and 10,753, and support is 10,550, 10,480-10,500, 10,440 and 10,400.

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